Creative Planning bought a new position in shares of Curtiss-Wright Corp. (NYSE:CW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,617 shares of the aerospace company’s stock, valued at approximately $222,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC purchased a new position in shares of Curtiss-Wright during the first quarter valued at approximately $366,000. Royal Bank of Canada lifted its holdings in shares of Curtiss-Wright by 2,086.9% during the first quarter. Royal Bank of Canada now owns 42,995 shares of the aerospace company’s stock valued at $5,806,000 after purchasing an additional 41,029 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Curtiss-Wright by 2.5% during the first quarter. Principal Financial Group Inc. now owns 194,841 shares of the aerospace company’s stock valued at $26,317,000 after purchasing an additional 4,816 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Curtiss-Wright during the second quarter valued at approximately $546,000. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in shares of Curtiss-Wright during the second quarter valued at approximately $360,000. 75.52% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. ValuEngine downgraded shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Bank of America dropped their price target on shares of Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, November 8th. SunTrust Banks dropped their price target on shares of Curtiss-Wright to $148.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Finally, Stifel Nicolaus set a $120.00 target price on shares of Curtiss-Wright and gave the company a “hold” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $134.67.
Shares of CW traded up $0.24 during trading hours on Monday, reaching $110.64. 391,145 shares of the stock traded hands, compared to its average volume of 276,637. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 2.25. Curtiss-Wright Corp. has a 52-week low of $103.43 and a 52-week high of $143.38. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.39.
Curtiss-Wright (NYSE:CW) last released its earnings results on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. Curtiss-Wright had a net margin of 10.98% and a return on equity of 17.59%. The company had revenue of $595.40 million for the quarter, compared to analysts’ expectations of $628.27 million. During the same quarter in the previous year, the company earned $1.43 EPS. Curtiss-Wright’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts predict that Curtiss-Wright Corp. will post 6.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, November 29th. Curtiss-Wright’s payout ratio is currently 11.93%.
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Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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